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Consortium led by Singapore's Keppel wins rig contract for Petrobras
SINGAPORE
Petroleumworld.com 10 31 07Singapore's Keppel Corp. said Wednesday a consortium led by its offshore and marine unit had won a contract worth 1.2 billion dollars to build an oil production rig for Petrobras Netherlands BV.
Keppel Offshore and Marine will hold a 75 percent stake in the project, while partner Technip Brasil Engenharia, Instalacoes e Apoio Maritimo SA will own 25 percent, Keppel said in a statement.
The project will involve the construction of a semi-submersible floating production unit to be delivered in the last quarter of 2010.
Technip Brasil Engenharia is a wholly owned subsidiary of Paris-based Technip Offshore International. Petrobras Netherlands is wholly owned by Brazilian state oil company Petrobras SA.
Keppel Corp. is the world's biggest oil rig manufacturer.
Story from AFP 31 0658 GMT 10 07
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